Input Output CEO Charles Hoskinson said the emergence of AI deep fakes would force us to assume everything we see and hear is fraudulent. AI deep fakes to become indistinguishable from real life During a recent AMA, Hoskinson was asked about using blockchain technology to authenticate visual content. In response,…
Russia is no longer moving forward with its plans to create a national crypto exchange. Instead, it will focus on formulating rules that will allow private companies to establish such exchanges. The head of the State Duma committee on the financial market, Anatoly Aksakov, disclosed this to local media Izvestiya…
Bitcoin’s (BTC) brief climb above $28,000 during the early trading hours of today led to liquidations of roughly $130 million in positions held on the crypto market. According to Coinglass data, the flagship digital asset saw $55 million in liquidations for traders who held positions in it in the last…
Since last Friday’s wMarket report, the cryptocurrency market saw net inflows of $47.2 billion and currently stands at $1.16 trillion — up 4.2% from $1.12 trillion. Over the weekend, the market caps of Bitcoin (BTC) and Ethereum (ETH) grew 5.5% and 5% to $540.34 billion and $228.76 billion, respectively. Over…
Dogecoin (DOGE) recorded a significant surge in its network activity over the last two days, processing more than 4 million transactions between May 27 and 28, according to BitInfoCharts. Source: BitInfoCharts The increase surpassed the number of transactions processed by its more storied rivals like Ethereum (ETH) and Bitcoin (BTC).…
Cardano meme coin SNEK has been garnering a lot of attention from the crypto community lately. On May 11, InputOutput (IO) CEO Charles Hoskinson posted a tweet asking, “What the heck is this #Snek thing that people keep tweeting about?” Some took this to mean a Hoskinson-IO endorsement of SNEK.…
Quick Take The realized price is the average cost basis for the entire Bitcoin market. The current realized price is at a year-to-date high of $20,180. Since March 2023, Bitcoin’s realized price has hovered around the 2020 and 2022 levels, of roughly $26,400. The highest realized price across all cohorts…
Quick Take The total Bitcoin Inscription count is approaching 10 million – currently 9,574,192. Inscriptions are the metadata added onto Bitcoin Satoshis via the Witness portion of a Bitcoin transaction. The metadata can relate to text, images, video, etc., but is limited to about 4 MB. The second chart below…
Quick Take Bitcoin whales accumulate After slowing down accumulation, Bitcoin whales that hold 10,000 or more continue accumulating Bitcoin aggressively over the weekend. Debt ceiling update According to The Kobeissi Letter, “news that the debt ceiling deal was reached “in principle” last night,” as Bitcoin broke $28,000. They further go…
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